In real life, a lot of people are using ants to borrow money, which is convenient for capital turnover. But when we borrow money, we have to pay interest. How about the interest of ants to borrow money? Do ants pay high interest? Let's get to know.
How to reduce the interest
For most people, if you borrow more times and maintain good credit behavior, it will be easier to achieve the daily rate of interest paid by Alipay ants to 0.04%.
With a daily interest rate of 0.03%, the system is more inclined to give those with sesame credit exceeding 800 points, so it's worth considering to improve their scores. Don't forget to use the transaction, transfer, payment and other functions in the scene of ant financial service.
As for the daily interest rate as low as 0.015%, there are different requirements. Those with a daily interest rate of 0.015%, in addition to some high-quality users (such as those with vehicles, houses and other assets), many of them have opened Taobao stores.
Someone just opened a shop and never sold anything, but he was still given the lowest daily interest rate of 0.015%.
What are the advantages of ants?
1. The user experience is super good, and the loan to account speed is super fast.
2. There is no interest on the principal paid. Interest shall be calculated on a daily basis. Interest shall be calculated from the date of loan issuance. Repayment shall be made on the basis of equal principal amount. Monthly repayment amount shall be reduced month by month.
3. There is no penalty interest for prepayment and three points of courtesy to customers under the condition of just contract.
4. Cash out is very convenient, no reason to withdraw.
Compared with credit card, it's difficult to cash out and the handling fee is high. It can be said that the loan is specially provided for those who are short of funds. Of course, it's originally a credit loan. When the money arrives, it can be directly referred to the bank card.
The disadvantages of ants' borrowing:
1. Difficult to open. At present, the ant borrow official didn't announce the specific application standard, only said that sesame score above 600 has the opportunity to open, so many users show that they can't use it temporarily.
2. The annual interest rate is lower than that of the credit card, but there is no preferential activity of the credit card and an interest free period of up to one month.
Conditions for opening
1, the official opening of the movie is not opened to all Alipay users, but the function is officially opened.
2. Users with more than 600 sesame scores will have the opportunity to obtain qualification. The so-called "opportunity" here refers to that on the basis of 600 sesame scores and other conditions, you can experience the powerful function of borrowing;
3. The borrower will determine the specific credit line according to the specific credit and other factors (such as economic strength) of the qualified users (Sesame score 600 + other conditions).
Soft conditions: users who often use Alibaba's products include buying financial products under ants' gold clothing, such as balance treasure, attracting treasure, and entertainment treasure of ants like Alipay, so it is difficult to qualify users only using Taobao and Alipay.